Looking at a record of 32-132 over the last two years and little progress on the court, the Timberwolves could have used a few breaks this offseason. So far? Nothing. Not only did Minnesota lose out to the Cavaliers in the NBA’s draft lottery -- finishing with the No. 2 pick -- but also potential No. 2 picks like Harrison Barnes and Perry Jones pulled out of the draft.

Now, Minnesota is facing some unappetizing choices on draft night. The Timberwolves could go for presumed No. 2 pick Derrick Williams, but Minnesota already has Michael Beasley in a similar tweener forward role and, given Beasley’s off-court issues as a rookie, his trade value is so-so at best. They could take a chance on big man Enes Kanter, though he probably would be available farther down the draft board. Or they could finally get done what they’ve been working on for weeks now -- a draft-day deal involving the second pick.

Trouble is, the Timberwolves are asking for big value for the second pick, while many other general managers in the league don’t feel the pick is worth all that much. The latest from Minnesota has the team targeting Lakers forward Pau Gasol, for example, but they’ll only make a deal if it does not involve incoming point guard Ricky Rubio or All-Star power forward Kevin Love. Which means the Lakers have little reason to come to the table.

Heck, if the Wizards wouldn’t give up JaVale McGee for the No. 2 pick (and they were asked), the Lakers sure aren’t going to give up Gasol. Some other potential deals, though, make a little more sense.

BUCKS: A rumor here involved center Andrew Bogut and the Bucks’ No. 10 pick for No. 2 and some fodder, but that’s simply not happening -- Bogut is too good a player. Still, perhaps the Bucks could be enticed into dealing him, because Bogut has had such a hard time staying healthy. He has missed at least 13 games in four of five years since he was a rookie. Cut the No. 10 pick out of the deal and offer Bogut (perhaps with Larry Sanders or Ersan Ilyasova) for the No. 2, Martell Webster and Milwaukee’s choice of centers Darko Milicic or Nikola Pekovic, and the Bucks, who still very much like Bogut, would at least have to listen.

CAVALIERS: Cleveland is one of the few teams that is more desperate to rebuild than the Timberwolves, and thus the Cavs are actively pursuing the No. 2 pick, though there isn’t much on Cleveland’s roster that interests the Timberwolves. A potential three-way trade involving the Pistons didn’t gain much traction -- Detroit would have given up the No. 8 pick and its only benefit would be the cap relief that comes with shedding Richard Hamilton’s contract. But why not try to same three-way structure, only with Charlotte at No. 9? The Wolves agree to send No. 2 to Cleveland for No. 4, and the Bobcats send No. 9 and the loathsome contract of reserve forward Tyrus Thomas (four years, $33 million left) to Cleveland. Minnesota might have to send its second pick, 20th overall, to Charlotte, but with No. 4 and No. 9, the Timberwolves wouldn’t need a third rookie anyway.

WARRIORS: Golden State has been connected to just about every team in the league in trade talks this offseason, but oddly enough, not with the Timberwolves. Still, if the Warriors want a taker for star guard Monta Ellis and the Wolves want a premier perimeter scorer, a deal makes sense. Ellis wouldn’t fit Kurt Rambis’ triangle offense at all, but that would just give the team added incentive to replace Rambis as coach. If the Timberwolves would part with Martell Webster -- whose 3-point shooting would be a good fit in Golden State, and who can play the kind of perimeter defense the team is looking for -- plus salary fodder and the No. 2 pick for Ellis and the No. 11 pick, and there could be the germ of a deal there.

GRIZZLIES: Many in Minnesota were disappointed that the Timberwolves traded away shooting guard O.J. Mayo in a draft deal for Kevin Love in 2008, but the Wolves have been justified. Still, Mayo is a perimeter threat who has potential that is being unrealized in Memphis, with Rudy Gay on one wing and the team favoring Tony Allen’s defense on the other. Giving up the No. 2 (and, presumably, Webster) for Mayo might be steep, but Mayo is a former No. 3 overall pick who has been productive when given minutes, and fits a role the Wolves need filled. Of course, the last time the Grizzlies had the No. 2 pick, they took Haseem Thabeet, so Memphis might be a little wary of another high draft choice.